Stockchase Opinions

Tyler Mordy CurrencySh British Pound FXB-N DON'T BUY Sep 20, 2016

His firm really views currency as one of the ways to outperform or add alpha. When analysing currencies, he looks at it very much as analysing stocks; it can become overvalued or undervalued. His criteria is to see 1) an undervalued currency, 2) a certain revulsion to a currency, and 3) a catalyst. The British pound meets the first 2, but fails to see a catalyst.

$127.090

Stock price when the opinion was issued

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DON'T BUY

Brexit has not begun and the negotiations have not begun. It will be a year after that when we have any clarity on what the deal will be. The British pound will not snap back any time before that.